Iran Publishes Details Of 14-Point Draft Memorandum Of Understanding

TigerJun 12, 2026 8:57 AM

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Argus Media energy reporter Nader Itayim, citing Mehr news agency and a source close to Iran’s negotiating team, published details of a US‑Iran 14‑point draft memorandum of understanding. Market-relevant points:

permanent, immediate cessation of hostilities on all fronts including Lebanon;
US pledge of non‑interference and respect for Iranian sovereignty;
full lifting of maritime blockade within 30 days;
US withdrawal of forces from around Iran; reopening of the Strait of Hormuz within 30 days under Iranian arrangements;
suspension of sanctions on Iranian oil, petrochemicals and derivatives and restoration of Iran’s access to its financial resources;
US and allies to propose an Iran reconstruction plan worth at least $300bn;
a 60‑day negotiation period to seek a final nuclear agreement and full removal of primary and secondary US sanctions and relevant UNSC and IAEA board measures; and unfreezing $24bn of Iranian funds during the 60‑day talks, with half to be released before negotiations begin.

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